Announced
Completed
Financials
Sources
Tags
property
Acquisition
Cross Border
Friendly
United States
Residential REITs
United Kingdom
investment
Majority
Private
Completed
Single Bidder
Synopsis
ARA Asset Management, a real estate fund management company that focuses on the management of public-listed real estate investment trusts, REITs, completed the acquisition of a majority stake in London & Scottish Property Investment Management, co-investing property development, property management, and asset management business. Financial terms were not disclosed. ARA Asset Management is a Singapore-based real estate fund management company that focuses on the management of public-listed real estate investment trusts, REITs. The Company manages REITs, private real estate funds, specialist equity funds and offers corporate finance advisory services.
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